As regulated under the Local Government Act 1999 Councils must have an Audit Committee. Chapter 8, Part 3, Division 2, Sect 126 sets out the requirements for an Audit Committee of Council and include details regarding the membership and functions.
The functions of an Audit Committee include:
(a) reviewing the Annual Financial Statements to ensure that they present fairly the state of affairs of the Council, and includes things such as;
- proposing, and providing information relevant to the Council's Strategic Management Plans or Annual Business Plans;
- examining, and reviewing any other matter relating to financial management, or the efficiency and economy with which the Council manages, or uses, its resources to achieve its objectives.
(b) liaising with the Council's auditor; and
(c) reviewing the adequacy of the accounting, internal control, reporting and other financial management systems and practices of the Council on a regular basis.
The Audit Committee Terms of Reference adopted by Council on 12 December 2012, and reviewed annually forms the basis of the functions of the Kangaroo Island Council Audit Committee.
Kangaroo Island Council Audit & Risk Committee
The Audit & Risk Committee membership currently comprises of:
Independent Chairperson: Mr Greg Connor, Mayor Pengilly, Cr Mumford, Cr Walkom & Mr P Murch (Independent Member).
The Audit & Risk Committee meets at least two times a year at appropriate times in the reporting and audit cycle and at any other time as required.
Notice of each meeting confirming the venue, time and date, together with an agenda of items to be discussed, is forwarded to each member of the Committee and observers, no later than 3 clear days before the date of the meeting.
Minutes of committee meetings shall be circulated within five days after a meeting to all members of the Committee and to all members of the Council and will (as appropriate) be available to the public.
Audit & Risk Committee Agenda - 2019-11-04https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0019/312346/20191104-Audit-and-Risk-Agenda.pdfAudit & Risk Committee, 04 Nov 2019,04 Nov 2019 Kangaroo Island Council Audit &Risk Committee Agenda 4 November 2019 1. ……………………….…. Greg Georgopoulos Chief Executive Officer. NOTICE is hereby given that a Meeting of the Kangaroo Island Council Audit &Risk Committee is to be
Audit & Risk Committee Attachmentshttps://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0020/313553/20191104-Attachments.pdfAudit & Risk Committee, 04 Nov 2019,04 Nov 2019 Kangaroo Island Council GENERAL PURPOSE FINANCIAL STATEMENTS for the year ended 30 June 2019. A confident, growing and cohesive Community; Benefiting from a thriving economy based on strong tourism and primary production. Preserving our unique
Audit Committee 2019-04-17 Late Report 6.9https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0011/312212/6.9-Late-Report.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 6.9 Audit &Risk Committee - Replacement of Member - Late Report. Meeting Date 17 April 2019. Author Nicki Putland. Title Director Council Services. Senior Manager Greg Georgopoulos, A/CEO. Department Council Services. Attachments Nil. Executive
Audit Committee Minutes - 2019-04-17https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0012/311610/20190417-Audit-Committee-Minutes.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 Kangaroo Island Council Audit &Risk Committee Minutes 17 April 2019 1. KANGAROO ISLAND COUNCIL MINUTES OF AUDIT &RISK COMMITTEE MEETING HELD AT THE. Council Chambers, 43 Dauncey Street, Kingscote, ON 17 APRIL 2019, COMMENCING AT 11:04 AM. 1. WELCOME
Item 6.4 Draft Business Continuity Plan attachmenthttps://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0017/311471/6.4-Kangaroo-Island-BCP-Overarching-Plan-LGRS-v3-March-2019.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 Kangaroo Island Council Business Continuity Plan. Prepared by LGRS – Risk Management. Issue: 2 Issue Date: September 2018. phillipa. Text Box. Attachment Item 6.4 17 April 2019 Audit Committee. Kangaroo Island- BCP Overarching Plan (LGRS) - v3
Audit Committee Agenda - 2019-04-17https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0022/312880/20190417-Audit-Committee-Agenda-v3.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 Kangaroo Island Council Audit &Risk Committee Agenda 17 April 2019 1. NOTICE is hereby given that a Meeting of the Kangaroo Island Council Audit &Risk Committee is to be held in Council Chambers, 43 Dauncey Street, Kingscote, on Wednesday 17 April
Item 6.7 Draft Risk Evaluation and Action Plan attachmenthttps://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0010/311230/6.7-Risk-Evaluation-_-Action-Plan.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 LGAWCS and LGAMLS Risk Evaluation 2018 Summary Report C:Users nicki AppData Local Microsoft Windows INetCache Content.Outlook 971YD2VR Kangaroo Island Council_Risk_Evaluation_2018_Summary_Report_Finale_V1.2_ 11-12-2018.docx. 2018 Risk Evaluation
Item 6.2 Draft Annual Business Planhttps://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0014/311207/6.2-Annual-Business-Plan_DRAFT-Audit-Committee-V1.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 Version 1.0 Draft for Audit Committee meeting 17 April 2019. Members of the community who have questions regarding the Draft 2019-20 Annual Budget and. Annual Business Plan, or who seek further information regarding the finances of Council, are.
Item 6.3 Draft Finance Policies attachmenthttps://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0022/311854/6.3-20190417-Combined-Finance-Policies.pdfAudit & Risk Committee, 17 Apr 2019,17 Apr 2019 Page 1 of 8 Electronic version in the Records Management System is the controlled version. Printed copies are considered uncontrolled. Before using a printed copy, verify that it is the current version. KANGAROO ISLAND COUNCIL FINANCE MANAGEMENT
Audit Committee Minutes - 2019-03-05https://www.kangarooisland.sa.gov.au/__data/assets/pdf_file/0018/313155/20180305-Audit-Committee-Minutes.pdfAudit & Risk Committee, 05 Mar 2019,05 Mar 2019 Kangaroo Island Council Audit Committee Minutes 5 March 2019 1. KANGAROO ISLAND COUNCIL MINUTES OF AUDIT COMMITTEE MEETING HELD AT THE. COUNCIL CHAMBERS, 43 DAUNCEY STREET, KINGSCOTE, ON 5 MARCH 2019, COMMENCING AT 11:00 AM. 1. WELCOME The